FEAR on ATH
We are just under all time highs and there is so much fear in the markets.
Even major indexes are volatile. During these times, I like to sit back and watch for opportunities as they present themselves.
Maybe start to build some longer term positions.
Finding the bottom is always very difficult but as you can tell from the picture, it should be near.
I highlighted few key indicators during other significant bottoms on the S&P500 in this year.
i) RSI very oversold (bellow 20)
ii) Fib channel (or any other parallel trend lines) touch
iii) High volume = High volatility (watch the VIX)
iv) The periodic cycles (do not take these too seriously, I just added them to see if they have any relevance)
Even major indexes are volatile. During these times, I like to sit back and watch for opportunities as they present themselves.
Maybe start to build some longer term positions.
Finding the bottom is always very difficult but as you can tell from the picture, it should be near.
I highlighted few key indicators during other significant bottoms on the S&P500 in this year.
i) RSI very oversold (bellow 20)
ii) Fib channel (or any other parallel trend lines) touch
iii) High volume = High volatility (watch the VIX)
iv) The periodic cycles (do not take these too seriously, I just added them to see if they have any relevance)
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